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E-commerce sales jump above 40% for Geox in H1

E-commerce sales jump above 40% for Geox in H1

The Italian brand reported a 39 per cent sales decline to €243.6 million in its first half that ended on June 30, compared to sales of €399.4 million in the same period last year, but e-tail surged.
Fashion
Moschino, Ferretti parent sees lower sales, swings to net loss

Moschino, Ferretti parent sees lower sales, swings to net loss

Aeffe SpA reported 31.4 per cent sales decline to €118.9 million in its first half ended on June 30, 2020 compared to sales of €173.3 million in the same period last year.
Luxury
Richemont to ask shareholders permission for conditional share capital increase

Richemont to ask shareholders permission for conditional share capital increase

Richemont, the owner of Cartier and Chloé, gave details of its proposed shareholders' loyalty scheme on Friday, where it will give warrants to investors which later can be converted into newly created stock.
Luxury
Montblanc links with YNAP for new 'seamless' mobile-first webstore

Montblanc links with YNAP for new 'seamless' mobile-first webstore

Richemont’s Montblanc brand and the luxury giant’s Yoox Net-A-Porter e-tail specialist have announced a new partnership. Montblanc will now use YNAP “to power the next iteration of its successful e-commerce platform”.
Luxury
Capri beats sales estimates on e-tail surge, China strength

Capri beats sales estimates on e-tail surge, China strength

Capri Holdings Ltd reported a smaller-than-expected quarterly loss on Wednesday, helped by a recovery in demand for its Versace and Jimmy Choo brands in China and a surge in online shopping.
Fashion
Frasers Group plans major opening at regional retail park, Flannels included

Frasers Group plans major opening at regional retail park, Flannels included

Frasers’ execs may have been talking about potential store closures in recent periods, but the firm is also planning openings and has announced its first regional store since the pandemic began at Leicester's Fosse Park.
Fashion
Marimekko chooses CFW as virtual showcase this month

Marimekko chooses CFW as virtual showcase this month

Finnish design house Marimekko Oyj will present its pre-spring 2021 collection digitally at Copenhagen Fashion Week (CFW) on August 12.
Fashion
Ralph Lauren revenue sinks as pandemic hammers demand

Ralph Lauren revenue sinks as pandemic hammers demand

Ralph Lauren Corp said on Tuesday its quarterly revenue plunged by nearly $1 billion, as it struggled with coronavirus-led store closures and a slowdown in demand for luxury goods across the world.
Fashion
Hugo Boss returned to growth in China in June, but repots Q2 loss

Hugo Boss returned to growth in China in June, but repots Q2 loss

Hugo Boss said on Tuesday it had returned to strong growth in China in June and online sales jumped 74% in the second quarter even as it reported an overall 59% fall in sales for the period due to lockdowns.
Luxury
Burberry opens first luxury social store in China, tech and exclusives are key

Burberry opens first luxury social store in China, tech and exclusives are key

Burberry on Friday announced the opening of its long-awaited social retail store in China’s technology hub Shenzhen, “blending the physical and social worlds in a digitally immersive retail experience”.
Luxury
Nike, Birkenstock beat designer labels to head latest Lyst Index

Nike, Birkenstock beat designer labels to head latest Lyst Index

​It’s been a weird year for fashion retail so far and Q2 in particular saw unprecedented global conditions, so it’s no surprise that the new Lyst Index is different from usual with Nike and Birkenstock's riding high.
Fashion
Ferragamo sales fall 60% in quarter most affected by Covid crisis

Ferragamo sales fall 60% in quarter most affected by Covid crisis

Sales at Italian fashion group Salvatore Ferragamo fell by 60% in the second quarter, the hardest hit by the coronavirus crisis due to global lockdown measures.
Luxury
Gucci owner Kering's sales plunge, but Bottega Veneta sees smaller drop

Gucci owner Kering's sales plunge, but Bottega Veneta sees smaller drop

French luxury group Kering's Q2 comp sales plunged by 43.7% due to the coronavirus. Gucci comp sales fell 45% and Saint Laurent 48%, but recovering Bottega Veneta contained the drop in revenue to only 24.4%
Luxury
Britain's Selfridges to axe jobs on virus retail storm

Britain's Selfridges to axe jobs on virus retail storm

British department store group Selfridges warned Tuesday that it plans to axe 450 jobs after sales slumped due to the coronavirus and the aftermath of the nationwide lockdown.
Fashion
LVMH flags June turnaround after sales slump, China rebounds

LVMH flags June turnaround after sales slump, China rebounds

LVMH, the world’s biggest luxury goods group, said sales momentum picked up in June and had especially improved in China, after store closures sparked by the pandemic tore a hole in the Louis Vuitton owner’s Q2 sales. 
Luxury
Moncler reports loss as second-quarter sales plunge

Moncler reports loss as second-quarter sales plunge

Italian fashion group Moncler reported a first-half operating loss for the first time in its history on Monday as a drop in sales caused by the coronavirus crisis lockdowns accelerated sharply in the second quarter.
Luxury